61A, OCEAN ROAD, LEICESTER, LE5 2ER - £157,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

61A OCEAN ROAD is a very small extended detached house of 69m², built sometime between 1930 and 1949. It was last sold for £157,000 in February 2006, which was around 22% below the average February 2006 detached price in the Leicester local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

61A OCEAN ROAD Sold Prices

Land registry data shows two sales for 61A OCEAN ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 61A OCEAN ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2006 24 FEB	£157,000	£201,431	22% below HPI
2005 9 MAY	£113,000	£200,242	44% below HPI

61A OCEAN ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 61A OCEAN ROAD sales from May 2005 and February 2006 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2005 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the February 2006 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 61A OCEAN ROAD?

61A OCEAN ROAD is 69m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 61A OCEAN ROAD lies on this distribution: 6% of detached houses are smaller than 61A OCEAN ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Leicester.

61A OCEAN ROAD: Plot and Title Map

61A OCEAN ROAD sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 61A OCEAN ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 61A OCEAN ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 61A OCEAN ROAD?

61A OCEAN ROAD is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 61A on OCEAN ROAD.